La Opala RG share price & results
- Jun 2026
- Sept 2026
India's opal & crystal glassware pioneer (1987), making tableware sold as La Opala, Diva & Solitaire.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 71.0 | +9.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 36.0 | −1.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 26.0 | +4.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 11.48 | −0.3 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 22.65 | −8.4 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -3.09 | +2.1 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −39.0% 1Y
1Y: ₹232.1 on 24 Oct 2025 → ₹141.48. High ₹235.16 (29 Oct 2025), low ₹141.48 (26 Oct 2026).
- Previous close
- ₹142
- Market cap
- ₹1.6k Cr
- 52-week range
- ₹141.48 – ₹235.16
- One year
- −39.11%
- Price to earnings (TTM to Jun 2026)
- 16.63×
- Return on equity (TTM to Jun 2026)
- 11.48%
Overview
- Symbol
- NSE:LAOPALA
- Sector
- Consumer Durables
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What La Opala RG does
Based on the company's own presentations, annual report and earnings calls.
La Opala RG Limited manufactures opal glass and 24% lead crystal glassware tableware and barware, including dinner sets, plates, bowls, cup-and-saucer sets, tea/coffee sets, borosilicate storage containers and crystal tumblers, vases and stemware. It pioneered opal glass tableware in India in 1987 and lead crystal glassware in 1996, and sells through a multi-brand portfolio spanning entry-level to premium price points. Products reach customers via a distributor-dealer network across Indian towns and cities, large-format retail and e-commerce partners, plus exports to international markets.
Segments
- Opalware
- Crystalware
- Manufacturing facilities
- 3 units (2 at Sitarganj, Uttarakhand + 1 at Madhupur, Jharkhand)
- Installed production capacity
- 32,000 MTPA combined (opalware + crystalware)
- Distributors
- 200+
- Dealer network
- 23,000+ dealers
- Towns covered (population 100,000+)
- 600+
- Export presence
- 40+ countries
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +4% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 91 | 91 | 77 | 65 | 91 | 84 | 68 | 71 |
| Expenses | 61 | 66 | 50 | 41 | 56 | 53 | 44 | 45 |
| Operating profit | 29 | 26 | 27 | 24 | 35 | 32 | 25 | 26 |
| Operating margin | 32.0% | 28.0% | 35.0% | 37.0% | 39.0% | 37.0% | 36.0% | 36.0% |
| Other income | 15 | 10 | 12 | 14 | 6 | 6 | 3 | 14 |
| Interest | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Profit before tax | 39 | 29 | 33 | 32 | 35 | 31 | 22 | 33 |
| Tax rate | 39.0% | 20.0% | 21.0% | 21.0% | 24.0% | 23.0% | 26.0% | 21.0% |
| Net profit | 24 | 23 | 26 | 25 | 27 | 24 | 16 | 26 |
| EPS (₹ per share) | 2.17 | 2.09 | 2.31 | 2.28 | 2.41 | 2.16 | 1.46 | 2.36 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 452 | 365 | 332 | 308 |
| Expenses | 280 | 230 | 223 | 194 |
| Operating profit | 172 | 136 | 109 | 116 |
| Other income | 22 | 44 | 48 | 29 |
| Interest | 6 | 6 | 5 | 4 |
| Depreciation | 23 | 22 | 19 | 20 |
| Profit before tax | 166 | 153 | 133 | 120 |
| Net profit | 123 | 128 | 97 | 92 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 718 | 753 | 829 | 802 | 780 | 798 |
| Borrowings | 15 | 13 | 9 | 11 | 8 | 9 |
| Other liabilities | 91 | 109 | 66 | 66 | 70 | 65 |
| Total liabilities | 846 | 897 | 927 | 901 | 880 | 895 |
| Fixed assets | 119 | 217 | 197 | 187 | 181 | 169 |
| Capital work in progress | 108 | 0 | 6 | 6 | 0 | 2 |
| Investments | 535 | 554 | 588 | 599 | 566 | 593 |
| Other assets | 84 | 126 | 137 | 110 | 133 | 131 |
| Total assets | 846 | 897 | 927 | 901 | 880 | 895 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 83 | 99 | 109 | 68 | 112 | 68 |
| Cash from investing | -79 | -75 | -69 | -25 | 3 | 23 |
| Cash from financing | -4 | -24 | -40 | -43 | -115 | -90 |
| Net cash flow | 0 | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | 39 | 58 | 87 | 60 | 103 | 69 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 65 | 37 | 29 | 25 | 32 | 35 |
| Inventory days | 255 | 353 | 596 | 1280 | 416 | 1235 |
| Days payable | 111 | 185 | 206 | 111 | 45 | 120 |
| Cash conversion cycle | 209 | 205 | 419 | 1193 | 402 | 1150 |
| Working capital days | 44 | 14 | 41 | 99 | 76 | 108 |
| Return on capital employed | 10.0% | 17.0% | 22.0% | 19.0% | 15.0% | 14.0% |
| Dividend payout | 34.0% | 29.0% | 45.0% | 87.0% | 86.0% | 60.0% |
What the price assumes
Growth trapTo justify its price of ₹141, this stock must grow earnings at 12% every year for 7 years. Our analysis caps realistic growth at ~-9%. At that growth it is worth ₹45 — downside of 68%.
- Growth the price implies
- 11.8% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -9.2% a year
- net profit, FY23–FY26 · EPS -9.1%
- The gap
- 0.2 pp
- -68% downside if it only repeats history
Ownership
Who owns it
Promoters hold 66.51% as of Sept 2026; institutions cut 2.16 pts since Jun 2026.
- Promoters 66.51%
- Foreign institutions 0.41%
- Domestic institutions 16.50%
- Public 16.58%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 6.95% held
- +0.23 pp 47.30% held
The same filing shows 1 holder trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of La Opala RG above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 47.30% | +0.23 pp | |
| Mutual fund | 8.31% | −0.20 pp |
| 7.57% | unchanged | |
| 6.95% | newly disclosed | |
| 4.48% | unchanged | |
| 3.65% | unchanged | |
| 1.44% | unchanged | |
| 0.81% | unchanged | |
| 0.63% | unchanged | |
| 0.63% | unchanged | |
| Mutual fund | — | off the list |
| Mutual fund | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in LAOPALA
Filings to Sep 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹144 Cr
- 1 schemes
- Biggest holder
- HDFC Small Cap Fund
- ₹144 Cr · 0.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Small Cap Fund HDFC Mutual Fund | ₹144 Cr | held | Dec '22 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- -62%
- vs est. average cost
- Held by funds
- ₹144 Cr
- 1 schemes · ≈ 8.3% of the company
Shares held by these funds +3%
Oct '23 92.29 L shares Sep '26
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